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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1329]
UPDATED: OMV NZ pays record dividend to Austrian parent
Monday, 23 July 2012, 4:35 pm | BusinessDesk
July 23 (BusinessDesk) - OMV, New Zealand’s largest producer of liquid hydrocarbons and third-biggest gas producer, posted a record profit in 2011 as it benefited from increased production and improved prices for crude oil. More >>
Auck airport flags 11% rise in June international arrivals
Monday, 23 July 2012, 3:55 pm | BusinessDesk
July 23 (BusinessDesk) - Auckland International Airport, which is targeting Asian arrivals to stoke growth over the next decade, flagged an 11 percent increase in international arrivals in the month of June over the same month last year. More >>
Appeal Court to look at full affidavit in Tauber IRD dispute
Monday, 23 July 2012, 1:59 pm | BusinessDesk
July 23 (BusinessDesk) - The Court of Appeal has asked to see an affidavit at the heart of the tax department's raids on the homes of Auckland businessmen Andrew Tauber and Paul Webb last year. More >>
MIDDAY UPDATE: NZ dollar rises to record vs. euro
Monday, 23 July 2012, 12:07 pm | BusinessDesk
July 23 (BusinessDesk) - The New Zealand dollar rose to record high versus the euro after policymakers finally approved a 100 billion euro bailout for Spain's banking sector. More >>
Torchlight repays $9M to Perpetual Cash Management Fund
Monday, 23 July 2012, 12:03 pm | BusinessDesk
July 23 (BusinessDesk) - Torchlight Fund No. 1 LP, an entity controlled by Pyne Gould managing director George Kerr, has repaid $9 million owed to Pyne Gould’s Perpetual Cash Management Fund. More >>
NZ Dollar Outlook: Kiwi to fall on Spain fears; RBNZ looms
Monday, 23 July 2012, 11:42 am | BusinessDesk
July 23 (BusinessDesk) - The New Zealand dollar may fall this week amid concerns a 100 billion euro bailout for Spain won’t be enough to prevent the nation’s heading the same way as Greece, while locally the Reserve Bank is expected to keep ... More >>
Goodman Fielder's earnings to be at lower end of guidance
Monday, 23 July 2012, 11:22 am | BusinessDesk
July 23 (BusinessDesk) - Goodman Fielder, the food ingredients manufacturer whose brands include Edmonds baking products and Vogel’s bread, said 2012 earnings will be at the lower end of its guidance. More >>
MightyRiverPower sheds retail customers, gains commercial
Monday, 23 July 2012, 11:12 am | BusinessDesk
July 23 (BusinessDesk) - MightyRiverPower continued to lose retail customers, while gaining large additional volumes of commercial electricity sales in the year before its intended partial privatisation, figures released to the NZX show. More >>
OMV NZ pays record dividend to Austrian parent
Monday, 23 July 2012, 11:06 am | BusinessDesk
July 23 (BusinessDesk) - OMV, New Zealand’s largest producer of liquid hydrocarbons and third-biggest gas producer, posted a record profit in 2011 as it benefited from increased production and improved prices for crude oil. More >>
NZ dollar hits record high vs. euro as Spain in focus
Monday, 23 July 2012, 8:37 am | BusinessDesk
July 23 (BusinessDesk) - The New Zealand dollar rose to record high versus the euro after policymakers finally approved a 100 billion euro bailout for Spain's banking sector. More >>
RBNZ OCR review unlikely to show change as euro woes linger
Monday, 23 July 2012, 8:19 am | BusinessDesk
July 23 (BusinessDesk) - The Reserve Bank is unlikely to signal any change from its assessment of monetary conditions when it reviews interest rates this week, with as much global uncertainty as there was a month ago and not enough momentum in the ... More >>
World Week Ahead: Apple, Facebook, US GDP
Monday, 23 July 2012, 7:04 am | BusinessDesk
July 23 (BusinessDesk) - A big week of US earnings including Apple's will set the tone for equities, while an estimate for US economic growth will also help determine the mood. More >>
3-pronged sweetener for "Mums and Dads" in asset sales
Sunday, 22 July 2012, 3:39 pm | BusinessDesk
July 22 (BusinessDesk) - Small-scale retail investors are being enticed three ways to participate in the government's planned sale of minority stakes in four state-owned energy companies. More >>
MARKET CLOSE: NZ shares fall, paced by OceanaGold, AIA
Friday, 20 July 2012, 6:08 pm | BusinessDesk
July 20 (BusinessDesk) - New Zealand shares fell, led by OceanaGold and Auckland Airport as equity markets digested weaker data out of the US and the prospects that the Federal Reserve will act to stimulate the world's largest economy. More >>
NZ dollar holds above 80 US cents, may make further gains
Friday, 20 July 2012, 6:05 pm | BusinessDesk
July 20 (BusinessDesk) - The New Zealand dollar held above 80 US cents and traded within reach of record levels against the euro on optimism the kiwi and its Australian counterpart are relatively appealing given the financial and economic headwinds facing ... More >>
MONEY TALKS: Cutting your losses and walking away
Friday, 20 July 2012, 5:32 pm | BusinessDesk
There are times in life when you've just got to wear one on the chin and walk away. I think the investors in Woosh Wireless finally came to that conclusion. More >>
Xero spends $800K in cash, scrip on Wgtn software firm
Friday, 20 July 2012, 5:30 pm | BusinessDesk
July 20 (BusinessDesk) - Xero, the cloud-based accounting software company, has bought Wellington-based developer Spotligtht Workpapers for $800,000 in cash and scrip. More >>
king is safe with strong regulation, says UK’s Royal Society
Friday, 20 July 2012, 4:31 pm | BusinessDesk
July 20 (BusinessDesk) - The controversial oil and gas extraction process known as hydraulic fracturing, or "fracking”, is capable of being managed sustainably and without serious risk of groundwater contamination or inducing damaging earthquakes, ... More >>
OCR decisions should be made by RBNZ board, NZMEA says
Friday, 20 July 2012, 4:26 pm | BusinessDesk
July 20 (BusinessDesk) – The Reserve Bank of New Zealand’s monetary policy decisions should be made by its board rather than the governor alone given the calibre of directors, says New Zealand's Manufactures and Exporters Association. More >>
DB Breweries in play with Singapore bid
Friday, 20 July 2012, 4:24 pm | BusinessDesk
July 20 (BusinessDesk) - Export Gold brewer Dominion Breweries' is caught up in a bidding war involving Asia Pacific Breweries, its Singapore-based parent company, after Heineken bid $5.1 billion for control with an offer to buy all of the shares ... More >>
